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Gold futures finish higher as dollar weakens

07 Dec 2022 Evaluate

Gold futures finished higher on Tuesday, as the investment appeal of the bullion whetted by the weakness in dollar and US Treasury Bond yields. Technical buying after previous session 1.6% fall also buoyed the precious metal. However, the yellow metal is still holding below the key psychological $1800 level.

Gold futures for February rose by $1.10 or 0.1% to settle at $1782.40 ounce on the Comex division of the New York Mercantile. Spot gold added by $1.57 or 0.09% or $1,772.61 per ounce.